calculate the amount and compound interest on
a.rs 62,500 for 1/2 year at 8%per anjum compounded half yearly
Answers
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1
Explanation:
P = 62,500, R = 8 %, T = 1.5 year
=62500(1+
100
4
)
3
Rate has been half because interest is compounded half yearly time has been doubled for this reason.
=62500(
25
26
)
3
=70304.
So Interest
=70304−62500
=7804
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